Susquehanna Fundamental Investments LLC Acquires Shares of 106,467 Synchrony Financial (NYSE:SYF)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 106,467 shares of the financial services provider's stock, valued at approximately $6,920,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtus ETF Advisers LLC raised its stake in Synchrony Financial by 16.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 20,266 shares of the financial services provider's stock worth $1,317,000 after purchasing an additional 2,830 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Synchrony Financial by 5.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 288,787 shares of the financial services provider's stock valued at $18,771,000 after buying an additional 16,200 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Synchrony Financial by 340.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,512,340 shares of the financial services provider's stock valued at $163,303,000 after buying an additional 1,942,573 shares during the period. Dark Forest Capital Management LP grew its position in Synchrony Financial by 102.6% during the fourth quarter. Dark Forest Capital Management LP now owns 10,021 shares of the financial services provider's stock worth $651,000 after buying an additional 5,074 shares in the last quarter. Finally, Quantessence Capital LLC bought a new position in Synchrony Financial during the 4th quarter worth $400,000. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Up 3.7 %

SYF traded up $1.91 during trading on Friday, hitting $54.22. 3,263,044 shares of the company's stock were exchanged, compared to its average volume of 3,946,745. The stock has a market cap of $20.64 billion, a P/E ratio of 6.35, a PEG ratio of 0.71 and a beta of 1.42. The business's 50 day moving average is $51.81 and its two-hundred day moving average is $60.25. Synchrony Financial has a fifty-two week low of $40.55 and a fifty-two week high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.26. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.80 billion. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, May 5th. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.21%. Synchrony Financial's payout ratio is 16.46%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SYF shares. Compass Point lowered Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a report on Tuesday, January 28th. Truist Financial decreased their target price on shares of Synchrony Financial from $65.00 to $57.00 and set a "hold" rating on the stock in a report on Friday, April 25th. StockNews.com cut Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Evercore ISI reduced their price target on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their price objective on Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.95.

Synchrony Financial Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.